Zomato Ltd. : Equity Research Report by Sanjeedeep Mishra

Zomato’s first-ever quarterly profit triggered sharp interest in the stock, with investors rushing to lap up shares as soon as the markets opened on Friday. Nearly 5.25 crore shares changed hands in the opening trade on the NSE, catapulting the stock price by over 8% to its 52-week high of Rs 93.65.

While the June quarter earnings were announced during the fag of Thursday's trading session, the stock responded immediately and jumped 2%. Following the results, Jefferies and Nuvama recommended a 'Buy', giving a fresh impetus to the stock.

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The Online Education Market In India

With 260 mn students enrolled in 1.5 mn schools and 39000 colleges catering 27.5 mn undergraduates and 4mn postgraduates, the Online education industry has grown from $247Mn to $1.96Bn and 1.6Mn users to 9.6Mn users from 2016 to 2021. The Informal Education, which includes pre-primary, coaching classes and vocational education and tech-based education courses, is one of the largest in the world. It has low entry barriers and has witnessed entries of large number of players in the past few years. The trend of upskillment in a large working force and Entrance test preparation, contributes to a faster growing online education market in India. C2C models have emerged where content is curated and shared by the individuals through a platforms for the individuals to be consumed. Similarly, B2B models, where institutions seek for a third-party to reach the individuals. Collaborations with corporate entities plays a pivotal role in developing industry-certified content, increasing the...

Jio Financial Services and BlackRock, a joint venture : Brief Analysis by Sanjeedeep Mishra.

Jio Financial ropes in BlackRock to disrupt India’s asset management industry. The two have signed an agreement to form a 50:50 joint venture to offer investment solutions. JFS and BlackRock are targeting initial investment of $150 million each in the joint venture, to be named Jio BlackRock. This is a second attempt for BlackRock in Indian Market. Previously, the DSP-Blackrock split came about because the two co-owners both wanted to own 100% of the business. Since DSP was the majority stakeholder, it was able to have its way. In the past, this AMC was called DSP Merill Lynch but was renamed after the takeover of Merill Lynch by BlackRock. BlackRock said it sold its stake in the joint venture because it could not integrate DSP BlackRock onto its technology and operating platform since it was a minority stakeholder. BlackRock was keen on continuing the business alone and was considering buying out DSP’s 60% stake in the asset management firm. However, that didn’t happen.

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